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Option 2 While thinking about what you learned in Chapters 27-28 in your textbook, view the video The Crisis of Credit Visualized Part 1 (7:31)
Option 2 While thinking about what you learned in Chapters 27-28 in your textbook, view the video The Crisis of Credit Visualized Part 1 (7:31) and view the video The Crisis of Credit Visualized Part 2 (3:44). Write a new thread in which you respond to the following prompts: Discuss the recession of 2008 in terms of the aggregate supply and demand framework. What supply-side factors may have influenced the recession? Name ONE similarity and ONE difference between the Great Recession in 2008 and the current economic downturn due to the COVID-19 pandemic. How are you economically impacted by the COVID-19 pandemic? What measures have been taken to increase demand in the current COVID-19 pandemic by the government? What measures have been taken to increase demand in the current COVID-19 pandemic by the banks? Are these measures actually working? Why or why not
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